ASOS PLC Agreement to open new US fulfilment centre (3327N)
August 08 2017 - 1:00AM
UK Regulatory
TIDMASC
RNS Number : 3327N
ASOS PLC
08 August 2017
08 August 2017
ASOS plc ("the Company")
Agreement to open new US fulfilment centre
ASOS is pleased to announce it has signed an agreement to
establish a new North American e-commerce fulfilment centre in
Union City, outside of Atlanta, Georgia. Fit-out is expected to
commence shortly with operations starting in Autumn 2018.
This fulfilment centre will significantly enhance ASOS' US
customer proposition providing more cost effective, faster and more
flexible delivery options.
As part of its planned, phased development programme, ASOS will
initially invest c.US$40 million in fit-out, establishing a 10
million unit capacity facility with the opportunity to expand
further at the appropriate time.
The agreement marks a significant progression in the Company's
targeted geographic growth strategy.
Nick Beighton, CEO, commented:
"This agreement is a major step forward for ASOS in the US and
demonstrates the opportunity we believe lies ahead in this key
market. Our US business delivered 39% constant currency growth in
the first six months of the current financial year following sales
of GBP179m in the year ended August 2016. Our US fulfilment centre
will enable us to significantly develop our proposition for our
20-something US customers supporting our continued growth and
future ambitions."
For further information:
ASOS plc Tel: 020 7756
1000
Nick Beighton, Chief Executive
Officer
Helen Ashton, Chief Financial
Officer
Greg Feehely, Director of Investor
Relations
Website: www.asosplc.com/investors
Instinctif Partners Tel: 020 7457
2020
Matthew Smallwood / Guy Scarborough
JPMorgan Cazenove Tel: 020 7742
4000
Michael Wentworth-Stanley / Caroline
Thomlinson
Numis Securities Tel: 020 7260
1000
Alex Ham / Luke Bordewich
Background note:
ASOS is a global fashion destination for 20-somethings. We sell
cutting-edge fashion and offer a wide variety of fashion-related
content, making ASOS.com the hub of a thriving fashion community.
We sell over 85,000 branded and own-label products through
localised mobile and web experiences, delivering from our
fulfilment centres in the UK, US and Europe to almost every country
in the world.
We tailor the mix of own-label, global and local brands sold
through each of our eight local language websites: UK, US, France,
Germany, Spain, Italy, Australia and Russia.
ASOS's websites attracted 146 million visits during June 2017
(June 2016: 123 million) and as at 30 June 2017 it had 15.0 million
active customers(1) (30 June 2016: 12.0 million), of which 5.2
million were located in the UK and 9.8 million were located in our
international territories (30 June 2016: 4.6 million in the UK and
7.4 million internationally).
(1) Defined as having shopped in the last 12 months as at 30
June 2017
This information is provided by RNS
The company news service from the London Stock Exchange
END
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